DSM tenders Danisco shareholding
Royal DSM, the global Life Sciences and Materials Sciences company, announces that it has tendered its 4.95% stake in Danisco to DuPont. Upon completion of the DuPont offer of DKK 700 per ordinary Danisco share, DSM expects cash proceeds of € 222 million and to report a book profit of € 140 million before tax as an exceptional item.
DSM - Bright Science. Brighter Living.(TM)
Royal DSM N.V. is a global science-based company active in health, nutrition and materials. By connecting its unique competences in Life Sciences and Materials Sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, pharmaceuticals, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. DSM's 22,000 employees deliver annual net sales of about € 9 billion. The company is listed on NYSE Euronext. More information can be found at www.dsm.com
For more information:
DSM Corporate CommunicationsHerman Bettentel. +31 (0) 45 5782017 fax +31 (0) 45 5740680 e-mail media.relations@dsm.com |
DSM Investor Relations Hans Vossen tel. +31 (0) 45 5782864 fax +31 (0) 10 4590275 e-mail investor.relations@dsm.com |
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: DSM N.V. via Thomson Reuters ONE
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